IAG Capital Markets Day 2023

About this update from International Consolidated Airlines Group Sa

[{"type":"text","content":"\n\nINTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.\nIAG Capital Markets Day 2023\nIAG will host a Capital Markets event for institutional investors and analysts today at its head office in London.\nThe presentations from IAG's management team will outline our strategic priorities and prospects for the medium term; in addition to how we will transform the organization to deliver sustainable growth, world-class margins and maximise long-term shareholder returns.  \nThis includes medium-term targets for:\n·    Operating margin of 12% - 15%;\n·    Return on Invested Capital of 13% - 16%;\n·    Leverage (net debt/EBITDA) of less than 1.8x over the cycle;\n·    Commitment to dividends once our balance sheet and investment plans are secure.\nLuis Gallego, Chief Executive Officer and Nicholas Cadbury, Chief Financial Officer, will be joined by members of the IAG Management Committee, as well as senior executives in the Group's operating companies.\nSpeakers will cover:\n·    IAG's leading positions in the world's most valuable and growing aviation markets;\n·    Strategy to deliver sustainable growth through our strong brands, attractive customer base and disciplined approach to capital allocation;\n·    Further capital-light growth from partner airlines in high-growth markets, accelerated by IAG's market-leading Loyalty business, which delivers sustainable year-round cash flow;\n·    How we are transforming our businesses to deliver higher customer satisfaction, sustainable operating profit, and world-class margins and return on capital;\n·    Our objective to target over €1.5bn in operating profit from our Spanish businesses;\n·    IAG's continued investment in, and leadership of sustainability as a long-term sector value driver;\n·    Our plans to maximise total shareholder returns from earnings growth, an ordinary dividend and additional shareholder returns, underpinned by a strong balance sheet\n \nIAG's outlook for the full year 2023 remains unchanged. There will be no discussion of current and future trading.\nLuis Gallego, Chief Executive Officer said:\n\"We are focused on extending our core leadership positions in the North Atlantic and South Atlantic thr...

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